Hersha Development Corporation ("HDC") is one of the nation's leading hotel development companies. HDC has the capability and proven expertise in developing and repositioning hotels in the highest barrier to entry markets in the United States. HDC has historically developed many institutional grade assets, and is actively developing dozens of additional such assets, with a robust and active pipeline of deals in key US markets.

HDC is a preferred developer and manager for Marriott International, Hilton Hotels Corp, Intercontinental Hotels Group, and Starwood Hotels and Resorts. HDC and its affiliates have been active operators and developers in Boston, Hartford, New York City, New Jersey, Philadelphia, and the metropolitan Washington DC markets. HDC is currently exploring opportunities in other markets in the United States that demonstrate similar barriers to entry and market growth.

HDC has access to a variety of capital sources and is interested in providing equity or establishing joint venture relationships in select properties where Hersha Hospitality Management would manage the property.